{"id":116808,"date":"2026-05-08T00:00:00","date_gmt":"2026-05-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?p=116808"},"modified":"2026-05-08T02:54:02","modified_gmt":"2026-05-08T02:54:02","slug":"taziz-gets-usd-2-bn-for-its-methanol-plant","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2026\/05\/08\/taziz-gets-usd-2-bn-for-its-methanol-plant\/","title":{"rendered":"Ta\u2019ziz gets USD 2 bn for its methanol plant"},"content":{"rendered":"

Local and international players alike are still pouring bns into the UAE\u2019s megaprojects<\/strong>, with the latest push coming for a major new methanol plant in Ruwais Industrial City. Ta\u2019ziz Methanol, the joint venture between Abu Dhabi\u2019s industrial powerhouse Ta\u2019ziz and Swiss-headquartered Proman, reached USD 2 bn in financial close on their methanol plant in Ruwais Industrial City, state news agency Wam<\/a> reports. <\/p>\n

The transaction drew heavy oversubscription<\/strong> from a pool of 11 regional and international lenders across Europe and Asia. It comprises a five-year conventional syndicated loan of USD 1.9 bn and an Islamic financing tranche worth USD 200 mn. <\/p>\n

The financing comes at a time when the UAE is doubling down on its petrochemicals industry<\/strong>, with T\u2019aziz just a day before also exploring a AED 10 bn investment<\/a> to produce new chemicals, including styrene and polystyrene. Earlier this week, it also locked in USD 28.5 bn<\/a> in long-term sales, feedstock, and offtake agreements spanning methanol, caustic soda, and polyvinyl chloride, alongside a USD 5 bn+ gas supply agreement with Adnoc Gas. Ta\u2019ziz\u2019s total chemicals production is set to rise to 4.7 mtpa by 2028 from the 17 sq km Al Ruwais facility.<\/p>\n

Who\u2019s involved?<\/strong> The group is led by Abu Dhabi Commercial Bank and First Abu Dhabi Bank, who served as the joint bookrunners. They are joined by local and regional heavyweights including Abu Dhabi Islamic Bank, Emirates Development Bank, our friends at Mashreq, and the National Bank of Kuwait. International banks include Sumitomo Mitsui Banking Corporation, which also acted as the exclusive financial advisor, alongside European and Asian lenders Banco Bilbao Vizcaya Argentaria, DBS Bank, and ING Bank. Completing the lineup is The Arab Energy Fund. <\/p>\n

ADVISORS-<\/strong> Sumitomo Mitsui Banking Corporation was the exclusive financial advisor for the deal, while Abu Dhabi Commercial Bank and First Abu Dhabi Bank served as bookrunners and authorized lead arrangers, providing the largest financing commitments.<\/p>\n","protected":false},"excerpt":{"rendered":"

The financing comes at a time when the UAE is doubling down on its petrochemicals industry<\/p>\n","protected":false},"author":1,"featured_media":116809,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2414],"tags":[143,7,64,2290,2413],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-116808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-big-story-today","tag-energy","tag-enterpriseam-uae","tag-manufacturing","tag-taziz-2","tag-the-big-story-today","wpautop","entry"],"acf":{"mongo_id":"9f5277f5-66b4-4ce3-919e-41857634a661","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/2073.jpg","photo_position":"above","homepage_title":"","full_issue_title":"More financing for our localization push, this time for chemicals","related_issue":[116803],"teaser":"The financing comes at a time when the UAE is doubling down on its petrochemicals industry"},"yoast_head":"\nTa\u2019ziz gets USD 2 bn for its methanol plant - 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